Money Market Funds
PNB Prime Peso and Dollar Money Market Fund
The PNB Prime Peso and Dollar Money Market Funds (MMF) are invested in a diversified portfolio of bank deposits and fixed income instruments issued by the Philippine government with a maximum weighted average duration of one year. These funds are best suited for conservative clients.
| PNB PRIME PESO MONEY MARKET FUND | PNB PRIME DOLLAR MONEY MARKET FUND | |||
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000 | $500 | |
|
Class II |
₱2,000 | $100 | ||
| Min. Holding Period | 5 banking days | 30 calendar days | ||
| Trust Fee | 0.50% p.a. of fund value | 0.25% p.a. of fund value | ||
| Issuance of Confirmation of Participation / Participating Trust Agreement | After 1 Banking Day | |||
| Release of Proceeds | After 1 Banking Day | After 1 Banking Day | ||
| Cut-Off Time for Participations and Redemptions | 12NN | 11AM | ||
| NAVPU Publication | After 7PM | |||
| Early Redemption Fee | 50% of Income Earned, if any | |||
| Investment Horizon | 1 Year or Less | |||
| Risk Profile | Conservative | |||
| Valuation | Mark-to-Market | |||
| Investment Outlets | Bank deposits and government securities | |||
| Benchmark | 91-day Philippine Treasury-Bill rate auction, net of tax | Philippine Dollar Deposit Rates Savings Deposit | ||
PNB Institutional Money Market Fund
The PNB Institutional Money Market Fund was specifically created to meet the investment needs of institutional investors. It is invested in a portfolio of bank deposits with a maximum weighted average duration of one year. The fund is best suited for conservative clients.
| PNB INSTITUTIONAL MONEY MARKET FUND | ||
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000,000 |
|
Class II |
Not available |
|
| Min. Holding Period | 3 banking days | |
| Trust Fee | 0.125% p.a. of fund value | |
| Issuance of Confirmation of Participation / Participating Trust Agreement | After 1 Banking Day | |
| Release of Proceeds | Same Banking Day | |
| Cut-Off Time for Participations and Redemptions | 12NN | |
| NAVPU Publication | After 4PM | |
| Early Redemption Fee | 50% of Income Earned, if any | |
| Investment Horizon | 1 Year or Less | |
| Risk Profile | Conservative | |
| Valuation | Accrual | |
| Investment Outlets | Bank deposits and all other deposit instruments that the BSP may allow | |
| Benchmark | 91-day Philippine Treasury-Bill rate auction, net of tax | |
PNB Peso Fixed Income Money Market Fund
The PNB Peso Fixed Income Fund is a peso money market fund invested in a diversified portfolio of bank deposit and securities issued by the National government. The fund is suited for conservative clients.
| PNB PESO FIXED INCOME FUND | ||
| Important Advisory: Effective Monday, June 13, 2022, the PNB Peso Fixed Income Fund shall be exclusive to Philippine residents only. | ||
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000 |
|
Class II |
₱2,000 |
|
| Min. Holding Period | 5 banking days | |
| Trust Fee | 0.25% p.a. of fund value | |
| Issuance of Confirmation of Participation / Participating Trust Agreement | After 1 Banking Day | |
| Release of Redemption Proceeds | After 1 Banking Day | |
| Cut-Off Time for Participations and Redemptions | 12NN | |
| NAVPU Publication | After 7PM | |
| Early Redemption Fee | 50% of Income Earned, if any | |
| Investor Horizon | 1 Year or Less | |
| Valuation | Mark-to-Market | |
| Investment Outlets | Bank deposits and government securities | |
| Benchmark | 50% 91-day Philippine Treasury-Bill rate auction, net of tax and 50% Markit iBoxx ALBI Philippines Money Market | |
The UITF is a Trust Product and not a deposit account or an obligation of, or guaranteed, or insured by the Trust entity or its affiliates or subsidiaries. It is not insured or governed by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investment, yields and potential yields cannot be guaranteed. Any loss/income arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the client/participant. As such, the units of participation of the investor in the UITF, when redeemed, may be worth more or be worth less than his/her initial investment/contributions. Historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future result. The trustee is not liable for losses unless upon willful default, bad faith or gross negligence.